I will also be creating a property management company (based in NJ as well) to manage the LLC's property.

Ensure you have enough reserves for unexpected expenses, and understand the property's projected cash flow to avoid overleveraging. 

We ended up having to pay a professional bookkeeper monthly to manage it.

I thought i would be buying real estate  that already existed. how would you approach investing in this yet to be built projects?

Find a partner to bring the cash and you self manage?

I’m looking to connect with local investors, agents, property managers, and anyone else who knows the Indianapolis market well.If you have experience or advice to share, or if you know someone who does, please drop me a message.

I obtained private funding for the project in addition to the hard money loan.

If your request was not handle in a timely manner by HOA board and management company, you have a case that due to their neglect you suffered more damage. 

Even a hotel project is underway.

You will still have issues come up BUT the performance of the other properties overcomes those issues without them stressing you if you are managing them well. 6.